Salesforce Shares Gain 4.57% on Oct. 15; Company Announces U.K. Tax Deal

Salesforce shares closed at $246.74 on Thursday, Oct. 15, after rising 4.57% during the session. The company announced a U.K. tax-services agreement that same day, which could be worth up to £2 billion over 15 years. The agreement with HM Revenue & Customs (HMRC), the U.K. tax authority, covers services for more than 39 million citizens and businesses. Its potential value spans the full 15-year term. Salesforce shares reached $247.18 during the Oct. 15 session before closing at $246.74. Bank of America had upgraded Salesforce from Underperform to Buy on Oct. 12 and raised its price target to $285 from $160. The Oct. 12 upgrade preceded the agreement announcement by three days. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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